Question

10. What is the present value of an annuity of RM4,000 received at the beginning of...


10. What is the present value of an annuity of RM4,000 received at the beginning of each year
for the next eight years? The first payment will be received today, and the discount rate
is 9% (round to nearest RM1).

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the present value today of a deferred annuity of 10 annual payments of $1,000...
What is the present value today of a deferred annuity of 10 annual payments of $1,000 each, if the first payment will be received 6 years from now and the discount rate is 9% EAR? (Round to the nearest whole dollar)
The present value of an annuity of $5,000 to be received at the beginning of each...
The present value of an annuity of $5,000 to be received at the beginning of each of the 6 years at a discount rate of 4% would be: $26,210 $27,258 $3,950 none of the above
Present Value of an Annuity Determine the present value of $140,000 to be received at the...
Present Value of an Annuity Determine the present value of $140,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually, as follows: a. By successive computations, using the present value of $1 table in Exhibit 5. Round to the nearest whole dollar. First year$ Second Year   Third Year   Fourth Year   Total present value$ b. By using the present value of an annuity of $1 table in Exhibit 7. Round to...
What is the present value of $27 received at the end of each year for 2...
What is the present value of $27 received at the end of each year for 2 years? Assume the annual effective rate of interest is 9%. The first payment will be received one year from today (round to the nearest $1). a: $42 b: $54 c: $88 d: $47
What is the present value of an annuity of $6,000 per year, with the first cash...
What is the present value of an annuity of $6,000 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 7 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)      Present value $   
A.Calculate the present value of an annuity of $5,000 received annually that begins today and continues...
A.Calculate the present value of an annuity of $5,000 received annually that begins today and continues for 10 years, assuming a discount rate of 9%. B. Joan invested $5,000 in an interest-bearing account earning an 8% annual rate of interest compounded monthly. How much will the account be worth at the end of 5 years, assuming all interest is reinvested at the 8% rate? C. Calculate the present value of an ordinary annuity of $5,000 received annually for 10 years,...
What is the present value of the following annuity? $1,070 every half year at the beginning...
What is the present value of the following annuity? $1,070 every half year at the beginning of the period for the next 14 years, discounted back to the present at 3.13 percent per year, compounded semiannually. You plan to buy a house in 14 years. You want to save money for a down payment on the new house. You are able to place $348 every month at the end of the month into a savings account at an annual rate...
What is the present value of $300 received at the beginning of each year for five...
What is the present value of $300 received at the beginning of each year for five years? Assume that the first payment is not received until the beginning of the third year (thus the last payment is received at the beginning of the seventh year). Use a 10% discount rate, and round your answer to the nearest $100. soution given: year 1: 1 x (1+0.1)^0 x 0 year 2: 1 x (1+0.1)^1 x 0 year 3: 1 x (1+0.1)^2 x...
What is the present value of a series of payments received each year for 11 years,...
What is the present value of a series of payments received each year for 11 years, starting with $300 paid one year from now and the payment growing in each subsequent year by 10%? Assume a discount rate of 12%. Please round your answer to the nearest cent.
10) Part A. ?(Annuity payments) Lisa Simpson wants to have ?$1,600,000 in 60 years by making...
10) Part A. ?(Annuity payments) Lisa Simpson wants to have ?$1,600,000 in 60 years by making equal annual? end-of-the-year deposits into a? tax-deferred account paying 8.50 percent annually. What must? Lisa's annual deposit? be? (Round to the nearest? cent.) Part B. (Present value of annuity? payments) The state? lottery's million-dollar payout provides for $1.4 million to be paid in 20 installments of ?$70,000 per payment. The first ?$70,000 payment is made? immediately, and the 19 remaining ?$70,000 payments occur at...